All You Need to Know About Issam Fares, his Net Worth, his House and his Wedge Too Yacht
65 m (213 ft)
12 in 6 cabins
18 in 9 cabins
US$ 70 million
Owner of the Yacht
Lebanon / USA
US$ 2 billion
May 10, 1937
Fares Fares, Nijab Fares, Noor Fares
The luxury yacht is designed by Phillip Starck.
He is a prominent Lebanese businessman. And a former member of the Lebanese Parliament. And he served as Deputy Prime Minister of Lebanon from 2000 to 2005. He was born in May 1937. He is married with Hala Fares. They have at least 2 sons and a daughter: Nijad, Fares and Noor Fares.
Wedge Real Estate Holdings holds the USA real estate portfolio. It is worth more than US$ 300 million. The portfolio includes 1,500 hotel rooms and more than 1,500 square feet of offices.
Issam’s son Nijad Fares is CEO at the Wedge Group. Fares Fares is Vice-
Wedge Alternatives advises private equity managers on the structuring, marketing, and distribution of their funds. The company advises private companies with revenues between US$50 million and US$500 million. On their capital raising requirements.
Fares is an active philanthropist, donating to good causes as education and research. Donation projects include the Fares Endowed Fund for Cancer Research and the Endowed Fund for Heart Research.
His net worth is estimated at more than US$ 2 billion. The personal website of Mr. Fares: www.issamfares.org.
Issam’s wife Hala Fares is an artist and a collector of jewelry and china. His daughter Noor Fares is a jewelry designer.
Issam and Hala Fares are the owners of a large stud farm in Normandy France. The farm named Haras de Manneville is home of about 75 horses. The estate is made up of 140 acres. Of which 100 acres are devoted to the horses. The family does not use the farm as their residence.
We think they have residences in California, USA and in Monaco. We think he owns a Gulfstream private jet.
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The yacht is a creation of the famous French designer Philippe Starck. She was the largest Feadship built at time of her launch.
She is powered by 2 Caterpillar engines. Which bring her a top speed of 16 kno ts. Her cruising speed is 15 knots. She has a range of 4,700nm.
Her superstructures comprise harmonious round forms and high windows with wood surrounds. The interior decoration will surprise those unaccustomed to Starck's style, as habitually, the designer mixes styles and periods.
Some parts are simply beautiful, like the large lounge and owner's bedroom. Other parts suffer from a certain coldness, like the dining room.
The lower deck includes two garages for the tenders. With an access towards the bathing platform in the stern. There are four guest staterooms (aft), the engine room (to the center) and crew quarters (forward).
The first deck accommodates the large lounge (aft). And a section containing staircases, lifts, galley (to the center), the dining room . There are three other guest staterooms (forward).
The second deck is completely dedicated for use by the owner with a lounge (aft), the "staircases and lifts" area (to the center), a guest stateroom to starboard, the owner's dre ssing room to port, and the owner's panoramic suite (forward).
The third deck accommodates a panoramic lounge (aft), the "staircases and lifts" area (to the center), the captain's stateroom and the pilothouse (forward).
The sundeck accommodates a splendid Jacuzzi surrounded by a circular solarium protected by a roof. (source: www.yachtspotter.com).
SuperYacht Wedge Too can often be found in Monaco, with a black Rolls Royce Phantom parked in front of her.
The boat is not available for yacht charter. And she is not listed for sale.
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